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Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...
"The TransitChek commuter benefit program and Zipcar for Business is a win-win solution which will offer employees easy access to vehicles at discounted prices during the work week, while helping ...
WageWorks and Zipcar Team Up to Lower Transportation Expenses for Commuters New Program Offers Commuters Increased Convenience and Savings SAN MATEO, Calif. & CAMBRIDGE, Mass.--(BUSINESS WIRE ...
In May 2017, SpotHero announced a partnership with commuter employee benefits administrator WageWorks allowing users to pay pre-tax dollars for daily parking near their places of work. In 2018, SpotHero was named to Time magazine's inaugural list of 50 Genius Companies that are inventing the future.
In 2021, an estimated 2.4 percent of U.S. workers walked to work, while less than 1 percent commuted by bike. (U.S. Census) More than 46 percent of workers reported commuting primarily on the bus ...
Qualified transportation fringe is defined in Section 132(f) as (1)(A) transportation in a commuter highway vehicle between the employee's residence and place of employment, (B) any transit pass, or (C) qualified parking, if provided by an employer to an employee. An employer-paid bicycle commuter benefit qualified between January 1, 2009, and ...
Commuter Benefits. If your employer offers a pretax commuter benefit program, you may be able to set aside up to $300 per month that you can use tax-free for parking benefits in 2023 (up from $280 ...
In March 2014, the Metropolitan Transportation Commission ratified Regulation 14, Rule 1, also known as the Bay Area Commuter Benefits Program. The Commuter Benefits Program, developed by the Bay Area Air Quality Management District, requires Bay Area employers with 50 or more full-time employees to register and offer commuter benefits to their ...